Hus

The next update i want to see.... 14:35 Judge rises and says thats all well and good to Hicks QC but we both know its all bulls*** and your looking to stall this case and the sale of Liverpool FC...I am ruling in favour of RBS so f*** off you cancerous pricks and dont come back...I hear your not welcome anywhere!

paul_tomkins Paul Tomkins RT @smullo: Ive just heard Roy Hodgson has turned up at court & told our QC he's attacking too much & needs to sit back and defend deeper LOL

ffs - they are like a couple of children trying everything they can to get out of doing homework or something, a letter - unbelievable

The H&G camp are throwing up so much s*** in hope that some it sticks and forces a delay/full trial

Yep, thats the plan - he is arguing that they werent the official BoD at the time they accepted the bid

Well if the legal case is delayed or dragged out, there is already an injuction in place by RBS to stop H&G changing the board...so it would be the original one i thnk

It should all come down to that - if thats the case then H&G have admitted the breach that should do it

We are off again... tariqpanja tariq panja Hicks lawyer: RBS and #LFC trying to 'short-circuit' legal process by rushing thru judgment and plan board meeting tonight to ratify NESV

Oh s**** - thats my bad, my initial post should have read if Lim and MF are the same then its a non issue - apologies

Shonky typing? I agree re Lim (!) and MillF, if they are seperate as we all initially thought then it goes back to the original arguments. The reason i posted the above comment re Lim and Merton being one is that the Guardian are alluding to it/or not so sure. If they are the same people then there bid was considered and rejected. No argument for THicks

Hence the much fabled "rocket" that was discussed on Rawk

If Merton and LIM are the same, then its all rubbish. The LIM bid was considered and rejected, they only came back with a better bid once NESV had been accepted.

Yep thats another angle, H&G admit breach of contract and then try and bring up every little bit of fluff and crap to stall/delay a decision. Surely the judge needs to rule on the original breach?

Thats what i think, agree they should listen to the bid but as we were already in default I would hope that stengthens there case for us accepting what was on the table. As you have said MF may have indicated they wanted to bid but unless it materialises

And breathe....this is making me really nervous If there was a MF bid and it was submitted at the same time or prior to the NESV & LIM ones, as long as it was considered and rejected we should be ok or If there was a MF bid and it was submitted at the same time or prior to the NESV & LIM ones, and it wasnt considered or assessed properly i think we could be screwed - please no or If there was a MF bid and it was submitted after the NESV & LIM ones, and after the NESV one was accepted we should be ok or If there was never a MF bid but there was an expression of interest, which wasnt followed up with a bid prior to or at the same time as the NESV ones we should also be ok imo My thoughts - not as clear cut, i I am going with the last option as it would appear there was no MF bid lodged when the decision was made to accept the NESV bid

Yes thats also why MB said in all his interviews that he informed them it was going to take place and did they want to attend...they said no but Gillette had his lawyer there

Yes that could work (As i start to clutch at straws around me), if Mill Financial had just expressed an interest but not followed it up with a bid prior to the NESV / LIM bids being lodged. The BoD can only accept what is there in front of them, they couldnt risk the asset on a expression of interest imo. If the proposed meeting was due to happen after the NESV bid was accepted then we should be ok Yes i am in my "happy place"...

If the Mill Financial offer was made after the sale to NESV was confirmed then its b****x, if it was made prior and not given proper attention - even to rule it out i am seriously concerned Any ideas when the bid was made, was it after the deadline,

Yes but the main issue imo is about the Mill Financial one, the LIM one was submitted and his counter offer only made the NESV bid was accepted - Lims latest offer can be discounted, he was part of the sales process and was rejected. It all comes down to the Mill Financial offer

Sure i agree but if Hicks can prove that a bid was not considered - how can it be a valid sales process?

danroan Dan Roan H&G QC: Bid by Mill Financial (hedge fund who now own G's shares) would pay off all debt and committ to 100m on new stadium Thats hicks card right there imo

That wasnt reported anywhere before - could it be that they didnt lodge a formal offer, or they were dismissed out of hand

12.34pm: Back to court: "Representative for Hicks and Gillett claims case against them paints 'misleading picture of the issues'. This case is not about, he says, the owners trying to maintain their ownership of the club. They accept reality that their ownership will shortly come to an end. It's also not about owners trying to put spanner in the works regarding a sale. The owners accept that some sort of sale will have to occur. They are not intent on stopping sale to NESV. The owners' issue is that the board did not properly enter into the NESV agreement in that the directors did not properly consider alternative offers and so it is they who are in breach of the terms of the sale agreement with RBS." This just confirms all the crap from Lim - definitely a Hicks lacky

What a load of rubbish - two bidders, one ruled out...